23. Mashreq

Country: U.A.E.
Sector: Banks & Financial Services
Group CEO: Ahmed Abdelaal
Market Value: $9.8 billion
Sales: $5.2 billion
Profits: $2.4 billion
Assets: $65.3 billion

Established in 1967, Mashreq operates through its branches in the U.A.E., Bahrain, Kuwait, Egypt, Hong Kong, India, Pakistan, Qatar, the U.K., and the U.S. The bank’s net profit increased by 127% in 2023 to hit $2.4 billion, While its total assets grew by 21.7% to $65.3 billion. As part of Mashreq’s commitment to facilitate $30 billion in sustainable financing by 2030, the bank collaborated with the U.A.E.-based Galadari Brothers in November 2023 to provide them with their inaugural green loan facility.